550 Monroe St, Madisonville, TN 37354
Local realty services provided by:CENTURY 21 Legacy
550 Monroe St,Madisonville, TN 37354
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: brandon presley
Office: jd's realty & auction
MLS#:1361107
Source:TN_KAAR
Price summary
- Price:
About this home
Two Homes, One Investment - Madisonville Online Real Estate Auction
550 Monroe St., Madisonville, TN
Two homes, proven rental history, and room for future possibilities, all on one approximately half-acre parcel in downtown Madisonville!
These charming, century-old homes are clean, well-maintained, and full of character. Currently used as rental properties, with one home presently tenant-occupied, they offer proven rental history and an attractive opportunity for investors seeking income-producing real estate.
The main home offers approximately 1,600 square feet, according to public records, and has been used as a 3-bedroom, 1.5-bath home, featuring a large living area and a finished entry area. The secondary home has been used as a 3-bedroom, 2-bath home, with approximately 800 square feet plus a newer addition of approximately 140 square feet, for a combined estimated total of 940 square feet.
The two-home setup also offers possibilities for multigenerational living, allowing family members to live close while maintaining their own space. Consider living in one home and renting the other for additional income.
A 24-by-30-foot, two-car garage with plumbing and electrical already installed adds storage and parking, with potential for conversion into a third dwelling, subject to zoning, permits, utility capacity, and applicable approvals.
Whether you are seeking rental income, flexible living arrangements, or future investment potential, this downtown Madisonville property deserves a closer look! Bid online at jdsauctions.com.
All square footage is approximate. Buyer to verify measurements, bedroom and bathroom counts, property details, existing lease terms, and permitted uses, including the feasibility of any garage conversion. Review all auction terms before bidding.
TAL 7424. 10% Buyer's Premium....
Contact an agent
Home facts
- Year built:1920
- Listing ID #:1361107
- Added:2 day(s) ago
- Updated:November 07, 2026 at 03:35 PM
Rooms and interior
- Flooring:Hardwood, Vinyl
Heating and cooling
- Heating:Electric
Structure and exterior
- Year built:1920
- Construction Materials:Frame
Finances and disclosures
- Price:
Parking
- Garage spaces:2
New listings near 550 Monroe St
- Coming Soon
$700,000Coming Soon - No Showings3 beds 2 baths2,413 sq. ft.3300 Ballplay Rd, Madisonville, TN 37354
MLS# 1361365Listed by: KELLER WILLIAMS REALTY - Coming Soon
$4,999,900Coming Soon-- beds -- baths632 Hiwassee Rd, Madisonville, TN 37354
MLS# 3164707Listed by: RE/MAX FIRST - New
$425,000Active4 beds 2 baths1,592 sq. ft.306 Kirk Circle, Madisonville, TN 37354
MLS# 1361275Listed by: EDMONDS REALTY GROUP, LLC - New
$40,000Active0.23 Acres175 Park Ave, Madisonville, TN 37354
MLS# 1361255Listed by: REALTY EXECUTIVES ASSOCIATES - New
$549,900Active3 beds 4 baths2,627 sq. ft.1407 Ballplay Rd, Madisonville, TN 37354
MLS# 1361176Listed by: REALTY EXECUTIVES ASSOCIATES - New
$389,900Active3 beds 2 baths1,406 sq. ft.145 Hartland Drive, Madisonville, TN 37354
MLS# 1361161Listed by: WOODS & WATER REALTY LLC - New
$250,000Active9.16 AcresLots 9, 10, 11 Shiners Bluff Drive, Madisonville, TN 37354
MLS# 1361165Listed by: NORMAN LEE REAL ESTATE - New
$320,000Active3 beds 2 baths1,524 sq. ft.626 Laurel Lake Circle, Madisonville, TN 37354
MLS# 1361171Listed by: YOUR MOVE REALTY - New
$599,000Active4 beds 4 baths2,860 sq. ft.131 Barclay Lane, Madisonville, TN 37354
MLS# 1361069Listed by: TELLICO HOMETOWN REALTY